The Spillover Effect: The ITC Extension’s Impact on U.S. Utility Solar Projects in 2016

by
Colin Smith

This new brief discusses the effects of the December 2015 extension of the U.S. federal Investment Tax Credit on current U.S. utility solar projects. Prior to the extension, developers built up a massive 21+ GWdc pipeline of utility PV projects in the U.S., all of which had to be completed by the end of 2016. Now that Congress has extended the ITC through 2022, an opportunity has opened up for projects to spill over or be pushed out into 2017 without the risk of losing the 30% tax credit that is critical to ensuring that many of the projects will be profitable. GTM Research offers insights into what types of projects will spill over and how much we can expect to come online in 2017.

GTM Research's Utility PV Market Tracker provides the most in-depth and up-to-date data, analysis and news on the expanding U.S. utility market segment. To learn more or request a demo, please contact Matt Casey at casey@gtmresearch.com.

Colin Smith
Senior Analyst, Solar

Colin Smith is a Senior Solar Analyst at GTM Research, leading the Utility PV Market Tracker and focusing on development trends in the U.S. utility-scale and commercial PV sectors. Colin has 4 years of experience in the PV sector. He graduated from Queen's University with a B.Sc Honours in Environmental Biology and Sustainability.